2007-01-22 09:49:17 · 6 answers · asked by 3001 1 in Cars & Transportation ➔ Buying & Selling
Helps build credit , then you can exchange it for another car when the lease is up
2007-01-22 09:52:38 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You only lease if :
You replace your car every two or three years.
You only drive less than 15K miles a year.
You have secure parking out of the weather.
Always maintain the car at scheduled services.
Need a lower monthly payment.
You never lease a car if:
You drive a lot and don't pay attention to the mileage.
Haphazardly maintain it.
Park anywhere and get door dings, etc
Because if you lease and don't follow the rules exactly you could be liable for thousands at the end of your lease. Poor maintenance, excess miles, door dings, upholstery stains, etc are all at your expense.
2007-01-22 17:58:16 · answer #2 · answered by yes_its_me 7 · 1⤊ 0⤋
If you want a new car every 2-3 years, don't drive more than 12,000 miles per year, and want to ALWAYS have a car payment, then leasing may be an option.
If you want to own your car someday, and not have to make payments on it, then leasing is a bad idea. Remember, with leasing you will ALWAYS have a car payment.
2007-01-22 17:59:01 · answer #3 · answered by J.R. 6 · 0⤊ 0⤋
Leasing is not the answer for everyone, it's not a 'one size fits all' thing. If you want to trade cars frequently, perhaps a lease is the way to go. If you don't have excess mileage, it can save you some money.
2007-01-22 17:54:35 · answer #4 · answered by oklatom 7 · 0⤊ 0⤋
cheaper payments, always have a vehicle under warranty and when lease is up hand them the keys and get a new one.
2007-01-22 20:32:14 · answer #5 · answered by mister ss 7 · 0⤊ 0⤋
If you can"t write it off as a business expense then don"t do it' It is almost always the wrong thing to do.
2007-01-22 18:16:14 · answer #6 · answered by txpilot 3 · 0⤊ 0⤋